A seasoned financial guru has revealed the four financial moves he plans to make if Kamala Harris wins the 2024 presidential election.
Sean Bryant warned there will be a “guaranteed impact” on the US stock market no matter who wins the White House in November: Trump or Kamala Harris.
If the Democratic candidate wins the election, Bryant has a four-part plan to protect his money: investing in renewable energy, delaying student loan payments, infrastructure and real estate.
The first step Bryant plans to take is to invest in renewable energy in case Harris wins and Trump loses.
During his time as president, Biden has focused on reducing the country’s use of fossil fuels. Bryant believes that if the Democratic Party wins the race, investors should expect the initiative to move forward.
Sean Bryant (pictured) has created a plan to protect his money if Kamala Harris wins the 2024 presidential election in November.
Bryant determined that no matter who wins the White House in November, Donald Trump or Kamala Harris, the election will have a “guaranteed” impact on the US stock market. (Pictured: Trump at a rally in Minnesota on July 27)
Trump has promised that if he wins in the fall he will work to expand oil production and reverse Biden’s $20 trillion Inflation Reduction Act.
In terms of which renewable energy companies to invest in specifically, Bryant recommended Tesla and First Solar.
First Solar is facing setbacks from weaker demand and higher interest rates. But with a Democratic White House, Bryant said it would be smart to invest in the $24 billion publicly traded company.
Dennis Shirshikov, an adjunct professor of finance and economics at the City University of New York and chief growth officer of vacation rental company GoSummer.com, also believes investing in renewable energy is the right choice.
“If Trump loses, a Democratic administration is likely to prioritize green energy initiatives, providing substantial federal support and incentives for the renewable energy sector,” Shirshikov said. Go Banking bank fees.
‘Investing in companies specializing in solar, wind and other sustainable energy sources could yield considerable returns.’
After announcing he was dropping out of the presidential race last week, Joe Biden has endorsed Vice President Kamala Harris to succeed him as the Democratic nominee. (Pictured: Harris boarding Air Force Two on July 27)
Bryant has also decided to forgo paying off student loan debt if Harris wins the White House.
Since Biden took office, he and Harris have promised student loan forgiveness and relief, so if she is elected, that will likely remain the case.
Brian Kuderna, author and founder of Kuderna Financial Group, has made plans to put his student loan debt to rest.
“If Trump loses the election, I will put off refinancing my student loans,” she said.
Americans had a total of $1.77 trillion in federal and private student loan debt in the second quarter of 2023, according to Loan tree.
“The Biden-Harris administration has been promising student loan relief and forgiveness since day one, so if Harris is elected, she will likely push for some reform, but this would only affect federal student loans, not private ones,” Kuderna added.
The third move Bryant plans to make if Trump loses relates to infrastructure.
One of the most notable initiatives of President Biden’s administration during his term was the passage of the Infrastructure Investment and Jobs Act.
The bill, which was passed in November 2021, allowed for bipartisan legislation to invest in the restoration of roads, bridges, airports, and other top priorities of the country with a budget of $1.2 trillion.
Shirshikov said: ‘If Trump loses, we could see an increase in federal spending on infrastructure as part of economic stimulus efforts.
‘Infrastructure investments typically include improvements to roads, bridges, public transportation and renewable energy infrastructure. Companies involved in construction, engineering and materials could see increased demand.’
The last aspect Bryant has considered is the real estate sector, a hot topic in the United States, where rental and purchase prices have increased in recent years.
Bryant has also decided not to pay off student loan debt if Harris wins the White House, as she and Biden have promised Americans student debt forgiveness and relief. (pictured: Biden at Joint Base Andrews in Maryland on July 23)
During election years, the real estate sector “has always been a good hedge against inflation,” he said.
Venkata Jagadish, a real estate investor and founder of Jay Buys Houses Group, agreed with Bryant.
If Trump loses, we could see changes in tax policies, regulatory frameworks and interest rates. These changes could create new opportunities in the real estate market.
‘Specifically, my goal is to expand my rental property portfolio and invest in commercial real estate sectors such as healthcare and logistics, which have demonstrated resilience and growth potential.’
Last Sunday, President Joe Biden, 81, announced in a letter that he was dropping out of the race and endorsed Vice President Kamala Harris to succeed him as the Democratic nominee.
It took Harris less than two days to secure enough delegates to become the presumptive Democratic presidential nominee.